Aggregated News From Investment Management Regulators

Acting Comptroller Discusses LIBOR Cessation and Replacement

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Acting Comptroller of the Currency Michael J. Hsu today discussed the importance of maintaining trust in the banking system during the transition from LIBOR to replacement rates at the Alternative Reference Rates Committee (ARRC) Symposium.

His remarks highlighted the importance of a smooth transition away from LIBOR and the potential negative effects that complacency by bank management over LIBOR’s cessation and replacement can have on bank operations, safety and soundness.

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This news item was originally published by the Office of the Comptroller of the Currency (OCC US). For more information, see the Source Link.

Regulator Information

Abbreviation: OCC
Jurisdiction: United States

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